EUR/USD Open 1.3110 High 1.3145 Low 1.3032 Close 1.3104

On Monday Euro/Dollar increased with 100 pips. The European currency appreciated from 1.3032 to 1.3134 yesterday, not matching the negative Interbank sentiment projection at bellow -13%, closing the day at 1.3104. This morning the Euro ascended even further, climbing up to 1.3145. On the 1 hour chart new downward channel has formed, while on the 3 hour chart quotes are moving within range. Break above the nearest resistance and today's top at 1.3145 may trigger further strengthening of the Euro. Going bellow yesterday's bottom and first support at 1.3032, however, would confirm continuation of the bearish trend, towards next objective downwards 1.2920. Today's focus is on Germany Current account and Trade balance, and France Industrial production, at 6 and 6:45 GMT respectively. Quotes are moving just above the crossed 20 and 50 EMA on the 1 hour chart, indicating slim bullish pressure. The value of the RSI indicator is positive and calm, MACD is positive and inclining upwards, while CCI has crossed up the 100 line on the 1 hour chart, giving overall light long signals.
Technical resistance levels: 1.3145 1.3260 1.3382
Technical support levels: 1.3032 1.2920 1.2800
Yesterday we made +30 pips profit on EUR/USD from the following sent to clients only signal:
5:25 GMT Buy EUR/USD at 1.3056 SL 1.3030 TP 1.3106, exit sent 8:31 GMTGMT+1.
Total yesterday +100, as shown in details at http://www.zifx.com/performance-past.php.

ZIFX.com